Alright folks, this is not crypto related. Bitcoin is quite boring lately and i though of giving the stock market a shot.
EWT theory is a great tool. Its NOT a crystal ball, but it helps on finding potential paths for the next move. Combine it with fibs and you are half way there. You should always adjust your view as new data comes in and never tunnel vision on only one path.
I will leave this here and check it once/twice a week. If you have any questions, dont be shy! This chart looks like a good example on the weekly.
There is also a chance that the correction is done with an alternate count.
VPVR looks kinda different since TV likes to re adjust my chart everytime i post, maybe i should try "lock all drawings next time" ...

This is for educational purposes only!
EWT theory is a great tool. Its NOT a crystal ball, but it helps on finding potential paths for the next move. Combine it with fibs and you are half way there. You should always adjust your view as new data comes in and never tunnel vision on only one path.
I will leave this here and check it once/twice a week. If you have any questions, dont be shy! This chart looks like a good example on the weekly.
There is also a chance that the correction is done with an alternate count.
VPVR looks kinda different since TV likes to re adjust my chart everytime i post, maybe i should try "lock all drawings next time" ...
This is for educational purposes only!
Nota
It should be volume convergence* between 3rd and 5th. This doesnt happen 100% of the time, but most of the time in small trend reversals while we have normal ratios for 3rd and 5th.Nota
Its the 30 mins RSI not the hourly, woops.Nota
And since this is an educational post, as you can see, in trading it doesnt matter if you are right or wrong. You can be wrong many times and lose 1-3% on every trade according to your trading plan.But even one time of being right is more than enough to get you back to green if not higher. Almost every move went according to the labeling above.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.